Listing on the BdL market will in most cases require submission of a base prospectus to the CSSF. Once your base prospectus has been reviewed and approved, tranches will be listed and admitted to trading.
To list under a programme on the BdL market, an issuer must first file a base prospectus with the CSSF. Send your base prospectus to firstname.lastname@example.org or visit the CSSF’s website for more information.
After listing and admission to trading, issuers are required to fulfil specific reporting obligations. Issuers must file documents containing regulated information with the CSSF, as outlined under the Law of January 2008 (as amended), which implements the requirements of the EU Transparency Directive.
Issuers must also file information and scheduled corporate events with LuxSE (Part 1, Chapter 9 of the Rules & Regulations).
Issuers on the BdL market can take advantage of LuxSE’s FIRST, a dedicated service where issuers can simultaneously distribute publications to the market, the Officially Appointed Mechanism (OAM) and the CSSF.
In the context of MiFID II / MiFIR and MAR, the LuxSE is obliged to collect a ‘Legal Entity Identifier’ or ‘LEI’ code from any issuer operating on its regulated market (Bourse de Luxembourg) and on its Multilateral Trading Facility (Euro MTF) and communicate it to the relevant supervisory authorities.
You can apply for and renew an LEI code directly via LuxSE.
The LuxSE Group is composed of the Luxembourg Stock Exchange (LuxSE) the leading listing venue for international securities and Fundsquare, its wholly-owned subsidiary specialized in delivering to the fund industry an efficient and standardized infrastructure for the exchange of information.